Peugeot to Build Factory in India

Sept. 1, 2011
First plant in India will turn out 170,000 vehicles per year.

PSA Peugeot Citroen said it has chosen the Indian state of Gujarat to build a $928-million factory capable of turning out 170,000 vehicles per year.

The integrated manufacturing and engine and gearbox facility, which should come online in 2013, will generate 5,000 new jobs in the rapidly developing Sanand automotive cluster, the company said..

"We view India as one of the most important and dynamic markets in the world, with forecasts of it becoming the third-largest automotive market by 2020," said PSA Peugeot Citroen chief executive Philippe Varin at a signing ceremony with Gujarat state officials.

The factory is expected to begin manufacturing a mid-size family sedan.

PSA Peugeot Citroen announced in February that it intended to begin manufacturing in India. It made an unsuccessful attempt to set up in the country in the 1990s.

Copyright Agence France-Presse, 2011

See Also:

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!